As a business owner, when is the right time to upgrade your business technology?
There’s no timeline as to when to do so because it depends on the size of your business as well as the objectives. Different companies require varied types of technology. However, there are some that are common such as desktops and servers.
Upgrading business technology means increasing efficiency and productivity which translate to improved profit margins. You don’t want your business to be less competitive just because you are using outdated computers. Sometimes your desktops may get a page fault issue which nearly happens to Windows 10 users, but it’s only temporary, and you can fix, at this point, it’s not necessary to do an upgrade.
People often think that businesses fear to upgrade because they believe it’s costly. Others are so used to their old systems such that they don’t want to change to new systems. On the positive, upgrading has benefits that could be the secret to propelling the business higher.
Why should you upgrade your business technology?
- To speed up business activities
One of the basic things that are apparent during a business upgrade is that it helps to improve in productivity. How? Let’s say, for example; you invested in new desktops with the latest software versions, the rate at which they download and upload files will be incomparable to the old ones. This saves time and improves on productivity.
It can be quite disappointing when you need to print out some important documents, but your printer takes forever to do so. That is time wasted which you could have done some other task geared towards achieving the business’s objectives.
- Mobile user attraction and engagement
Nowadays, more and more people are shopping through their mobile devices. Every day there are searches performed from mobile devices to get information on specific products. According to OuterBox, approximately 40 percent of eCommerce purchase during the holiday season in 2018 were made through a smartphone. In other statistics, 40 percent of users will often switch to the competitor if they have a bad mobile experience.
First, to increase your business visibility, you need to make your business go online as this will improve its brand. Have a website so that people can get to know what you offer and make purchases quickly. People prefer making purchases online than walking into a store as it’s more convenient for them and makes them spend less time shopping.
As a business, focus on having a website that’s mobile-friendly. This involved reducing its loading speed. People will often leave your site if it takes too long to load. Optimize it in a way that people like what they see.
You can also come up with an app for your business that clients can access. All this will help grow your business.
Most times, when you want to invest in some new tech, it is because you think it can help solve some of the business’s problems. For example, you want to integrate your departments in a way that you are able to make informed decisions about the future as you have all the data.
Investing a good ERP system could help in ensuring that all the different departments are integrated to make everything clear. Some systems will even send reports of various departments to help you make the right decisions for growth.
If the current systems can’t support the growth of the business, it may be time to make a change.
- Data Security
For most companies, if not all, data is used for marketing and advertising. It is also used to retain the current and potential clients and their details, it also keeps the day-to-day running of the business efficient.
There have been a lot of phishing attacks over the years as scammers continue hacking into company databases. Upgrading your business tech helps in ensuring that data is secure. Invest in systems that will help you secure passwords-ensure you don’t choose weak passwords such as your date of birth.
There are different ways you can backup data, through cloud computing, local data backups such as in hard drives, local area network storage and such.
- Cost minimization
Sometimes, as a business, you may find that some of the things that cost you money are your old systems. Investing in new systems will help you save on some costs such as electricity as some of these gadgets are energy efficient.
Analyze everything that hinders you from making more profits and see if there is anything you can change. The change could be expensive but be beneficial in the long run.
Business upgrades are a necessity for a business to progress and stay in the industry for long. Technology is continually changing, and you may find that your business is left behind and can’t keep up with the trend as you still stick to old systems.